Spreads in the August 31 Cushman & Wakefield Sonnenblick-Goldman fixed and floating mortgage rate survey (below) came in slightly between August 12 and August 31, indicating that well underwritten commercial real estate loans remain sought after by financial institutions with all-in cost remaining below 5.0 percent.

According to Trulia’s chief economist, U.S. home prices were 2 percent undervalued in the fourth quarter of 2014. But the most overvalued market in the country is now Austin, at 16 percent overvalue, followed by Orange County and Los Angeles in southern California. Nine of the 100 largest metro areas are 10 percent or more overvalued.

Competition for prime assets in Europe’s major real estate markets is leading investors to continue their move into secondary assets and recovering markets, according to Emerging Trends in Real Estate Europe 2015, a forecast published jointly by ULI and PwC.